Moen has been on the job for less than two years, replacing Randy Pearce when Pearce succeeded Paul Finkelstein as CEO in early 2011.

Since then, Pearce and Finkelstein have both left Regis and Starboard Value LP, a New York hedge fund, has assumed control of the company through a bruising proxy fight.

Regis has been struggling to grow comparable store sales as fewer consumers visit its salons. The company has slashed costs and sold off non-core assets like Hair Club for Men and Woman and its stake in Provalliance, a chain of salons in Europe.